Premium Bonds - If you post to say how much you've won, please also say how much you have invested.

200sols · 2 Aug 2022 at 08:28

Mercenary Keyboard Warrior said:
I do however refuse to put my savings into dodgy banks so occasionally a decent rate is available i would refuse

What do you consider a dodgy bank? They have FSCS protection and getting a banking licence is not easy.

Mercenary Keyboard Warrior · 2 Aug 2022 at 08:36

200sols said:
What do you consider a dodgy bank? They have FSCS protection and getting a banking licence is not easy.

Oh, Sharia and that sort of thing, not the technical dodgy

You do have banks operating in the UK not covered by FSCS though, but the majority you will see are

Feek · 2 Aug 2022 at 08:46

I didn't get anything, I can only assume there's been some administrative error. I'll look forward to them getting it sorted out in time for the next draw.

ShiWarrior · 2 Aug 2022 at 09:11

I usually get an easily 2 to 4 days after it's been drawn

picnic · 2 Aug 2022 at 09:26

I ask Alexa each month :rolleyes:

She usually laughs at me.

DXP55 · 2 Aug 2022 at 09:29

I only got £75 - got a feeling this won't be enough -Took car in for MOT this morning

If it passes then it's £25 into budget account and £50 into oil account.

Worked it out a while back that the return from mid 90's is about 1%

Just logged on to NS&I - What a ball ache -

kitkat9933 · 2 Aug 2022 at 11:21

They have a use. Keeping a cash lump for an extension when planning permission approved. With it being safe, easy to access and the potential to make some interest, it makes sense.

dan958 · 2 Aug 2022 at 11:27

I just have half of my emergency fund in premium bonds. Easy to access, and a nice bit of excitement each month to see if I won anything (£100 this month)

DXP55 · 2 Aug 2022 at 12:12

Car passed MOT so the winnings will be £25 to budget and £50 to oil budget. Win. Win

SeatIbiza · 2 Aug 2022 at 12:21

2x£25 this month - won every month this year so far, nothing more than £50 though

Feek · 2 Aug 2022 at 13:11

All you people with your little £25 wins, you're going to be pretty miffed when they realise their mistake next month and I get the big one

Glanza · 2 Aug 2022 at 13:19

On average you need £6000 invested or more to consistently win.

https://premiumbondsprizes.com/ gives you a good breakdown on the amounts you enter.

SideWinder · 2 Aug 2022 at 13:29

SideWinder said:
I have 10k in Premium Bonds. Won 4 x £25 over the past year. I do get excited every time the draw is announced.

Updating myself... I have won 6 times since Feb 2021. :eek:

All £25.

Maybe I'll be a millionaire soon. \o/

danlightbulb · 2 Aug 2022 at 14:13

Only £25 for me this month. Might be the last month I win as the cash will soon be pulled out for a house deposit.

dowie · 2 Aug 2022 at 14:41

Surveyor said:
NS&I offers more than Premium Bonds and they secure 100% of your savings, however much you invest and however long you invest it for.

Yes they do, though the returns aren't exactly great as far as long-term investments are concerned! Premium bonds at least have the fun aspect of possibly winning a large prize, one thing that would be nice to see them offer would be something similar to the inflation bonds the US government offers to US citizens and residents there, obvs the UK govt issues index-linked gilts but an NS&I savings product aimed at retail customers could be nice to see.

Rotty · 2 Aug 2022 at 14:48

Feek said:
You've got the full £50K in, haven't you?

no, only 22 at moment

I reduced when they put an end to my clubcard/avios game

Puzzled · 2 Aug 2022 at 14:49

Prizes don’t carry a time limit, so you can claim as far back as the original 1957 draw.

However, according to MoneySavingExpert, as of November 2021 there were more than two million unclaimed Premium Bonds prizes, with a total value of almost £75m.

The bonds are often bought for a child, who subsequently forgets about them, while prizes can also be missed if NS&I don’t have the correct address for claimants.

Bond holders can ensure their details remain up to date, and also register to have prizes paid directly into their bank account by managing their account online on the NS&I website.

The winning Premium Bonds numbers for August 2022, and how to check if you have won

NS&I has selected another two Premium Bonds holders for the £1m prize in the draw for August 2022 – here’s how to check yours

inews.co.uk

Sadly mine from childhood won the grand amount of sod all but worth checking anyway if you have them

dowie · 2 Aug 2022 at 16:31

Rotty said:
no, only 22 at moment

I reduced when they put an end to my clubcard/avios game

LOL no way? You just bag yourself an extra 1% return on the initial investment?

RobHu · 2 Aug 2022 at 17:09

Rotty said:
no, only 22 at moment

I reduced when they put an end to my clubcard/avios game

Did they previously allow you to buy bonds with an amex or something? :eek:

Mr Badger · 2 Aug 2022 at 17:24

dowie said:
Yes they do, though the returns aren't exactly great as far as long-term investments are concerned! Premium bonds at least have the fun aspect of possibly winning a large prize, one thing that would be nice to see them offer would be something similar to the inflation bonds the US government offers to US citizens and residents there, obvs the UK govt issues index-linked gilts but an NS&I savings product aimed at retail customers could be nice to see.

They used to. I have a 5 year NS&I bond currently paying CPI Index-linking + 0.01% that rolled forward from an older CPI linked bond. Strangely nothing like that seems to have been available for new investment for a while...